$ETH has reached a key resistance level on the 4-hour chart. Whether it can break through depends on the midnight session.
If it holds, the price will rise to the 2724 level, catching short sellers off guard with a sudden increase in volume.
$ETH The key resistance for this surge is at the 2605 level. As long as it can hold above, it can at least reach 2724. However, this level is a critical battleground for bulls and bears.
We still need more capital inflow to drive the price up. The current position is quite awkward; neither going long nor short seems favorable. Let's wait for stability before considering opening a position. If it doesn't rise, we can go short.
20.27K
13
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.